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what does the term short sale mean and why does it take so long to process foreclosure: What does the term "Short Sale" mean and why does it take so long to process? - 08/28/09 03:19 PM
QUESTION:  I see many listings online that state "Short Sale, please allow 3-5 months to process." What does the term "Short Sale" mean and why does it take so long to process? 
ANSWER:  I am ask this question here in Las Vegas almost on a daily basis, especially now since "Short Sales" are dominating are market. You can also read thru my blogs for more information. 
The term "Short Sale" occurs when you "owe" more on your home than what it could sell for and you need your lender approval to sell the home. "Short" meaning the lender will be "short" … (0 comments)

 
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